Since it was founded in 1975, Malvern-based Vanguard has been known as the biggest innovator in the money management business, writes Randy Bean for Forbes.
The company’s founder, John Bogle, created the first index fund for individual investors. For nearly five decades, the investment management behemoth with over $9.3 trillion dollars in assets has been a pioneer in low-cost investing for individual consumers.
Vanguard is continuing on its path of innovation by focusing on different ways to use data and AI in the money management business.
“At Vanguard, data, analytics, and AI are more than strategic assets,” said Ryan Swann, Chief Data Analytics Officer for Vanguard. “Whether Vanguard is using data and analytics to create alpha so that investors can retire securely, or we are using data and analytics to help our advised clients understand what to do when markets go up or down, data is at the center of decision making.”
Vanguard recently established a Center for Analytics and Insight, which sits within the Chief Data and Analytics Office function.
“The CAI is responsible for developing advanced analytics, which includes capabilities like artificial intelligence, machine learning, data science, and behavioral science, to drive business outcomes,” said Swann.
Read more about Vanguard being one of the top money managers in the game in Forbes.
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